Tech Update: Advent launches enhanced version of Moxy® system

Tech Update: Advent launches enhanced version of Moxy® system

Advent Software, Inc. has launched a new version of Moxy® with significant enhancements designed specifically for hedge funds.

Moxy® is the industry's most widely used trade order management system with more than 650 client firms.

Dan Nye, Executive Vice President, Advent Software, said: "Hedge funds require a flexible, easy-to-use solution that maximizes trader efficiency, offers comprehensive global security coverage, and gives them connectivity to a wide variety of trading partners. Moxy® delivers these important components, and combines them with simplified integration with the back office system of their choice.

Moxy® enables fast, precise trade creation and improved order execution. By streamlining the trade order management process, Moxy® helps traders scale their businesses, handle more accounts with fewer resources and improveconnectivity with counterparties.

* Increased connectivity -- using FIX messaging to allow electronic trading with more counterparties than ever before

* Highly integrated functionality -- allows firms of all sizes to integrate easily with Advent applications or with other back office portfolio management systems.

Mike Gamson, director of Advent's trade order management and complianceGroup, said: "We had the unique requirements of the hedge fund community in mind during the development of this version of Moxy®. We are confident that Moxy(R) will satisfy both the demands of firms' current trading environments, as well as their future requirements as their investment strategies grow more complex."